Property Ownership
A fee simple absolute estate in Iowa is best described as:
AOwnership for life only
BThe highest form of freehold ownership with no restrictions on transfer or duration✓ Correct
COwnership subject to a life estate
DA leasehold interest
Explanation
Fee simple absolute is the most complete form of real property ownership in Iowa, granting the owner the right to possess, use, transfer, encumber, or dispose of the property without limitation as to time or condition.
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